The Business Times, 9 February 2007

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Total Pages: 32
1 32 The Business Times
  • 20 1 THE BUSINESS TIMES Friday, February 9,2007 SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006
    20 words
  • 798 1  -  Reduction in Tier 1 capital adequacy ratio could pave way for return of excess capital to shareholders By WONG WEI KONG [SINGAPORE] Singapore banks will soon be able to hold a lower amount of core capital against their assets, a development that
    798 words
  • 750 1  -  Reports by MICHELLE QUAH [SINGAPORE] Former board members of the National Kidney Foundation (NKF) have thrown in the towel admitting they breached their duties as directors and have now opened themselves up to millions of dollars of claims filed against them
    750 words
  • 237 1 Damages will be assessed against Richard Yong, TT Durai, Loo Say San and Matilda Chua in a separate damages hearing to be held within about 12 months Each defendant will be assessed differently, based on their level of liability. All four defendants have also agreed to pay the
    237 words
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  • TOP STORIES
    • 503 2  -  Adelson sees Mice business, wedding banquets boosting Marina IR By DANIEL BUENAS [SINGAPORE] There is enough capacity for gaming in Asia to build eight to 10 Las Vegas-type developments, says billionaire casino mogul Sheldon Adelson. Mr Adelson who is chairman and chief
      503 words
    • 454 2  -  Company has built in contingency for unforeseen costs By ARTHUR SIM [SINGAPORE] The Marina Bay integrated resort (IR) will open on schedule and issues concerning sand will not be an impediment. Speaking yesterday at a ceremony to mark the start of construction of
      454 words
    • 137 2 STI 3,217.76 (-18.84) ST INDEX FUTURES 3,221.00 (-19.00) SIMSCI 393.16 (-2.42) SIMSO FUTURES 393.40 (-3.60) MARKETS Thursday Change KLCOMP 1,248.83 +5.26 NIKKEI 225 17,292.48 +0.16 HANG SENG 20.735.05 +55.36 SET INDEX 691.28 +15.95 JAKARTA COMP 1.***** -13.59 MANILA COMP 3.196.08 -3631 SEOUL COMP 1,423.58 -2.71 SHENZHEN B 501.10
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    • 508 2 Tiger setting up first overseas base in Australia IN a move which takes the battle right to the lion's den. Tiger Airways is setting up its first overseas base in Australia. BT understands from industry insiders that the Singapore Airlines budget associate is moving at least five of
      508 words
    • 268 4 Offers received value Bombay Stock Exchange at US$600-800m, says report [MUMBAI] The Singapore Stock Exchange (SGX) has emerged as the frontrunner for a 5 per cent stake in the Bombay Stock Exchange ahead of its initial public offer in May, says
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    • 445 4  -  By Ronnie Lim Benita Aw-Yeong [SINGAPORE] Amid the building boom in multi-bil-lion-dollar petrochemical complexes, Singapore is taking steps to manage critical issues such as labour and materials to ensure its own projects are implemented quickly and smoothly. Trade and Industry
      445 words
    • 599 4  -  Brisbane and Melbourne are among cities being considered By VEN SREENIVASAN [SINGAPORE] In a move which takes the battle right to the lion's den, Tiger Airways is setting up its first overseas base in Australia. Among the cities being considered is Brisbane.
      599 words
  • Page 2 Advertisements
    • 336 2 The 2007 Singapore Budget Speech will be delivered by Second Minister for Finance, Mr Tharman Shanmugaratnam, on 15 February. PwC Budget Seminar 2007 To gain an insight into how the new Budget measures will impact your business, join us at our annual PricewaterhouseCoopers (PwC) Speakers Panellists Budget Seminar. T#x consultants,
      336 words
    • 17 2 people Do we k ow r r you? (Register with us today) www.thepeopleatwork.coin Asia-Pacific Executive Search 1
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 1130 4 BecoWise HOLDINGS LIMITED ECOWISE HOLDINGS LIMITED Registration No: *****9835 C (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the 2007 Annual General Meeting of the shareholders of the Company will be held at 1 Pickering Street #02-02 Great Eastern Centre Singapore *****9 on Wednesday, 28 February 2007 at 3.00 p.m.
      1,130 words
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  • COMPANY NEWS
    • 281 6 SINGAPORE Telecom chief Lee Hsien Yang was mum yesterday about his plans after he leaves the telco on March 31. But he did at least say he will not stay in the industry and compete with Sing Tel. And unlike
      FILE PHOTO  -  281 words
    • 688 6  -  Figure boosted by one-time gain of $144 m from property sale Reports by SLOW LI SEN SINGAPORE Telecommunications yesterday posted a net profit of $994 million, up 12.6 per cent, for the third quarter ended Dec 31, 2006. The figure
      AFP  -  688 words
    • 368 6  -  Closure of north-eastern branches to cost $6-8 m; $2.4 m Q3 loss By BENITA AW YEONG DIFFICULT trading conditions in Thailand have hit Courts (Singapore)'s third-quarter performance, prompting the furniture and household goods retailer to undertake a major restructuring of its operations in that market.
      368 words
    • 633 8  -  HOCK LOCK SIEW By TEH HOOI LING Growing a business via mergers and acquisitions offers many advantages. Quick access to market, products or technology. synergy and economy of scale are among them. But successfully executing an M&A and making it work subsequently has proven to
      633 words
    • 347 8  -  $15.3 m gain from sale of educational publishing unit By Tamara Mohanan Kuppusamy PRINTING group SNP Corporation's net profit for its full year ended Dec 31, 2006, jumped 39 per cent to- $21.1 million, helped mainly by a one-time $15.3
      347 words
    • 231 8 MAINBOARD-LISTED Cosco Corp Singapore, the shipyard and bulk carrier unit of China's biggest shipping line, said yesterday its China-based shipyard subsidiary has won a four-ves-sel order worth U*****.2 million from Chinese-Polish Joint Stock Co. The Cosco Shipyard Group 51 per cent owned by Cosco Singapore
      231 words
    • 390 8  -  By DONALD URQUHART A BUOYANT fourth quarter saw mainboard-listed PanUnited Marine reporting yesterday a near quadrupling in net earnings to $14.3 million for the three months ended Dec 31. The Q4 net profit, which compares with $3.68 million for the previous corresponding
      FILE PHOTO  -  390 words
    • 207 8 CHINA-BASED C&O Pharmaceutical yesterday announced a 62 per cent jump in second-quarter revenue to HK5147.8 million (Ss29 million) and said the acquisition of marketing and distribution firm Shenzhen Liancheng Medicine should, with the introduction of new products, help expand profits for the rest
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    • 425 9  -  Growth attributed to the introduction of higher-margin products By WINSTON CHAI BUOYED by increased sales of higher-margin products and ongoing cost-saving measures, Aztech has reported a 98 per cent jump in full-year net profit to $20.04 million. For the year ended Dec 31, 2006,
      425 words
    • 240 9 Bloomberg [BANGKOK] Total Access Communication pel, Thailand's second-biggest mo-bile-phone operator, reported fourth-quarter profit fell 13 per cent as rising competition increased its marketing and promotion costs. The Singapore-listed telecommunications company's net income fell to 1.31 billion baht (5558.8 million) in
      Bloomberg  -  240 words
    • 277 9 close at $1.70. Bloomberg ASCOTT Group Ltd, Asia's biggest operator of service apartments, expects to book more portfolio gains in 2007 as it sells mature assets to its residential trust or to other investors. Ascott, with 132 properties in Asia, Europe and the
      close at $1.70. — Bloomberg  -  277 words
  • Page 6 Advertisements
    • 964 6 %CFE CHINA FARM EQUIPMENT LIMITED (Company Registration Number: *****5703R) (Incorporated in the Republic of Singapore on 20 April 2006) Invitation in respect of 62,000,000 New Shares as follows: 1. 3,000,000 Offer Shares at 550.345 for each Offer Share by way of public offer; and 2. 59,000,000 Placement Shares at 550.345
      964 words
    • 102 6 This announcement appears as a matter of record only February 2007 9CFE CHINA FARM EQUIPMENT CHINA FARM EQUIPMENT LIMITED (Company Registration Number: *****5703R) (Incorporated in the Republic of Singapore on 20 April 2006) Invitation in respect of 62,000,000 New Shares as follows: 1. 3,000,000 Offer Shares at 550.345 for each
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  • Page 7 Advertisements
    • 625 7 RX4OOh Lexus Hybrid Drive Introducing the world s first luxury hybrid. The all new RX4OOh. B SB M w »£*xz& K jf More than a car,*4BJl a iW^olution.. The all new RX 400h is packed with such advanced Super Ultra-Low Emission Vehicle*(SjJLEV). So you technology, it's certain to transform the
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  • Page 8 Advertisements
    • 75 8 It VCFE CHINA FARM EQUIPMENT CHINA FARM EQUIPMENT LIMITED (Company Registration Number: *****5703R) (Incorporated in the Republic of Singapore on 20 April 2006) 4 The Board of Directors of China Farm Equipment > Limited wishes to thank all applicants for their strong support in making the Invitation an overwhelming success.
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    • 24 8 For enquiries and subscription, please call 6775 9629 or email M marketing@heritogemedia.com.sg. U r yHfRITAGE J W MEDIA A SUBSIDIARY OF SINGAPORE PRESS HOLDINGS
      24 words

  • Page 9 Advertisements
    • 2 9 Aching joints
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    • 465 9 f*W IMhhm Seize the opportunity to invest in selected leading Asian financial stocks today. This window of opportunity closes on 16 March 2007. Introducing DBS Asian Financials Fund (the "Fund"). For investors who want tactical xA• c and opportunistic exposure to the attractive Asian financial sector. BGSt OT Asid SSTIGS
      465 words

  • SINGAPORE MARKETS
    • 530 10  -  STOCKS ST Index posts two-digit loss to 3,217.76; second-liners see rotational activity and China play R SIVANITHY Senior Correspondent A DOWNGRADE on the property sector by Credit Suisse, a set of so-so results announced by Singapore Telecom that led to mixed recommendations by analysts,
      Sen** Soombrg  -  530 words
    • Article, Illustration
      933 10 SECURITIES TRADING SCOREBOARD MAIN SIX} TOTAL Up Down Umtl Up Down Undi Up Down Undi Multi Ind 6 7 4 0 1 0 684 Manufacturing 74 79 54 13 18 17 87 97 71 Commerce 18 31 29 9 5 10 21 36 39 Tpt/Stof/Comm* 11 13 15 0 2
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    • 695 10  -  Compiled by MATTHEW PHAN United Engineers Feb 8 dose: S$3.00 DBS GROUP RESEARCH, Ml 8 UPDATE on the two PPP projects with JTC: UEL has undertaken the development of the Print Media Hub at iPark, Paya Lebar and the Vista Xchange, One-North. The Print Media Hub is
      S«K* BtodBbwg; J*1 * Salt* Btombtrg  -  695 words
    • 518 10  -  CURRENCIES LARRY WEE Senior Correspondent CARRY trade plays resumed with a vengeance in Asian trading yesterday, as hopes dimmed for any specific criticism of an overly weak yen after the G-7 Finance Ministers' meeting starting today. After Wednesday's brief peak below 120
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  • COMPANY NEWS
    • 399 11  -  Big jump due to 30% higher sales of single-use devices to 4.8 million units By CHEN HUIFEN DESPITE a 14.7 per cent fall in Q4 net income to US$5.5 million, airway devices maker LMA International posted a net income of U5522.5 million last
      399 words
    • 347 11 It plans to spend around US$200m to expand plant —Bloomberg NOBLE Group Ltd, a Hong Kong-based commodities supplier, bought a sugar mill in Brazil for about US$7O million and plans to spend as much as US$2OO million in a major expansion of the
      —Bloomberg  -  347 words
    • 197 11  -  By BENITA AW YEONG TMC Education Corporation has entered into a joint venture agreement with Lorna Whiston Schools to operate and manage TMC's wholly owned kindergarten in Shenyang, China. Known as Creative Shenyang Kindergarten (CSK), the kindergarten was established by TMC in 2003. CSK
      197 words
    • 628 11 Chemoil forms JV with Gulf Petrol CHEMOIL Energy is forming a joint venture with Gulf Petrol Supplies, a subsidiary of UAE-based Fujairah National Group, to develop and operate an oil storage terminal in Fujairah. Chemoil will contribute about US$5.5 million and will own 40 per cent of the
      628 words
  • Page 11 Advertisements
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    • 21 11 Inviting tenders? Call 1800 289 8822 or email notiees@sph.eom.sg to book your tender notice in our newspapers now. AT3 NOTICES i
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  • SINGAPORE NEWS
    • 419 12  -  PROPERTY MATTERS New package offers more transparency, flexibility By CONRAD TAN UNITED Overseas Bank (UOB) yesterday launched a new home loan product pegged to publicly available benchmark rates, as banks here move to make their home loans more transparent. The UOB
      419 words
    • 371 12  -  Company president Jack Chua says it has yet to discuss plan with HDB By ARTHUR SIM ERA Real Estate Singapore wants to extend its guaranteed sale plan to Housing Development Board flats. The firm said last week that under a Sellers
      371 words
    • 600 12  -  p DANIEL BUENAS £AS Vegas Sands, winner of Jpie Marina Bay integrated fesort (IR) bid, plans to poost its headcount here by <bout 500 in the next few months as it gears up to open in 2009 and Sands chairman Sheldon Adelson
      TERENCE TAN/THE STRAITS TIMES  -  600 words
    • 331 12  -  By CHEN HUIFEN NURSES and other employees in the public healthcare sector are getting pay rises from this month, at an annual cost of $28 million to the Ministry of Health. Nurses will receive a salary rise of about 3-7 per
      331 words
    • 219 12 CLYDESBUILT Group is offering 18 freehold strata bungalows at Lornie Rd for about $5 million to $5.5 million each. The 25-year-old group, founded by Victor Ow, expects to make a net profit of about $20-30 million "or even more" from the development,
      219 words
    • 594 12  -  By RONNIE LIM BENITA AW-YEONG SINGAPORE is already looking into building phase 2 of the muMbiUron-ctoHar Jurong Rock Cavern (JRC) barely 10 months after the government's gp-afread for the underground oil storage. This follows the keen user interest shown in the JRC
      594 words
    • 246 13 BMW said yesterday it had sold a record 3,857 cars in Singapore last year 6.4 per cent more than in 2005. And the German marque expects to do even better this year as the new Mini, X 5 and 3 series convertible are
      246 words
    • 396 13  -  Nets wants to raise charges by between 0.75 and 2%, while charging a flat fee By PAMELA JILL CHEW THE plan to increase the transaction fees charged when customers use their Nets cards is running into resistance from some businesses. The Singapore
      FILE PHOTO  -  396 words
    • 305 13 Train, bus operating hours to be extended OPERATING hours for trains and some buses will be extended during the Lunar New Year celebrations. They include SBS Transit's North East Line, SMRT's North-South and East-West Lines, SBS Transit's Sengkang LRT and SBS Transit's direct services to Chinatown. On the
      305 words
    • 289 13 It is hoping tourism receipts will hit $13.6 billion CONFIDENCE in the tourism sector has prompted the Singapore Tourism Board (STB) to set bold targets for this year. A tourism receipts target of $13.6 billion and visitor arrivals target of 10.2 million was
      289 words
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  • Page 13 Advertisements
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  • ECONOMY WATCH
    • 453 14 It wants to diversify foreign reserves into other assets —AP, Bloomberg [SEOUL] South Korea is looking to diversify its rapidly growing foreign reserves away from US treasuries into other foreign assets, including equities, the Bank of Korea said yesterday. The central bank
      —AP, Bloomberg; BLOOMBERG  -  453 words
    • 572 14 1.8% rise in loans from a year earlier remains unchanged from December Bloomberg [NEW YORK] Japan's bank lending failed to accelerate, adding to signs the economy may not be strong enough to withstand an increase in interest rates, the lowest among
      — Bloomberg  -  572 words
    • 2273 14 VOt G«TiudaBhd 7.75 005 550* M»yia Prima Bhd 1-30 -004 104 Qsr Brands Bhd 340 002 8 f«6| HM rani GeneralGppn —0*3 OJOS 457 May»-Tech indu» —Of inch 114 Rashid Hussa W09 027 002 ***** GentingBW—,..3875 -100 IBM W»ywiti40Bhd .-snch inch 0 Flashid Hu«aW07 0.01 -001 72 ABMReatty
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    • 314 14 —AFP [KUALA LUMPUR] Malaysia said yesterday that intractable "no-go" areas could be dropped from free trade talks with the US as Washington races to strike a deal before a March deadline. The two sides are embroiled in a critical fifth round
      —AFP  -  314 words
    • 192 14 [NEW DELHI] India, which has grown at over 9 per cent in the past two years, is certain to break into the league of middle-income countries soon, reports Business Standard quoting experts. Ashok Lahiri, chief economic adviser in the finance ministry, said
      192 words
    • 225 14 Reuters [PHILADELPHIA] The United States may need more policy tightening to keep price rises in check as the economy resumes growth, Philadelphia Federal Reserve Bank president said. "With growth prospects of the economy improving, there is some risk that we may not see
      Reuters  -  225 words
  • Page 14 Advertisements

  • MALAYSIA/INDONESIA
    • 596 15  -  But bank's full-year profit dips 34% owing to lack of one-off gains By LAUREL TEO in Jakarta BANK Danamon yesterday released its full-year results, showing a net profit of 1.32 trillion rupiah (*****.6 million), which is 34 per cent lower than the previous year. But
      BLOOMBERG  -  596 words
    • 455 15 Bloomberg [KUALA LUMPUR] Shares of RHB Capital Bhd Malaysia's fourth-largest bank surged to more than a six-year high after EON Capital Bhd and Kuwait Finance House made competing bids for the company. EON, whose investors include Malaysian tycoon Syed Mokhtar Al-Bukhary, on Wednesday
      Bloomberg  -  455 words
    • BRIEFLY ASIA
      • 88 15 Reuters [KUALA LUMPUR] The bulk of the biodiesel plants approved by the Malaysian government are unlikely to become operational because of rising feedstock costs and an easing crude oil market, Commodities Minister Peter Chin said yesterday. Malaysia has approved licences for 86 biodiesel
        — Reuters  -  88 words
      • 52 15 Bloomberg [NEW DELHI] India yesterday approved award of the largest number of oil and gas exploration areas to increase a hunt for the fuels to meet the nation's rising demand. State-run Oil Natural Gas Corp won 24 areas and privately-run Reliance Industries Ltd got seven
        Bloomberg  -  52 words
      • 83 15 Reuters [BEIJING] Industrial and Commercial Bank of China, riding high on its soaring share price, yesterday acknowledged that it lags its international peers and reminded investors that its ultimate purpose is to serve the government's development goals. Jiang Jianqing, who heads the
        Reuters  -  83 words
    • 303 15 Bernama [KUALA LUMPUR] Malaysia made history when its total trade surpassed the RMI trillion (***** billion) mark last year. Announcing the good news which is a boost to the economy. Prime Minister Abdullah Ahmad Badawi yesterday said trade last year surged by 10.5
      — Bernama  -  303 words
    • 252 15 Bloomberg [KUALA LUMPUR] Malaysia's government has formed a task force aimed at cutting red tape and improving the delivery of public services to attract investments. The group comprises 21 people from the public and private sector headed by the government's chief secretary, Mohd
      Bloomberg  -  252 words
  • Page 15 Advertisements
    • 866 15 LMA™ LMA International N.V. (incorporated with limited liability in the Netherlands Antilles on July 28,1998) LMA REPORTS U5522.5 MILLION NET INCOME FOR FY2006 Summary of Financial Performance Audited results for the financial year ended December 31,2006 ("FY2006") and unaudited results for the fourth quarter ("04") FY2006. Three months ended Dec
      866 words

  • MIDDLE EAST
    • 294 16 Trading firm plans to spend tens of billions of yen on Sipchem-led venture: report Bloomberg. AFP [TOKYO] Mitsui Co, Japan's second-larg-est trading company, said it may join a petrochemical project in Saudi Arabia led by Saudi International Petrochemical Co (Sipchem). "This is one of
      Bloomberg.; AFP  -  294 words
    • 294 16 —Bloomberg [KUWAIT] Wall Street firms, JPMorgan Cazenove and Bear Stearns will help raise up to US$2 billion for a Kuwaiti buyout fund offering international investors a way to tap oil-fuelled economic growth in the Middle East and North Africa. Global Investment House, Kuwait's
      —Bloomberg  -  294 words
    • 187 16 —AFP [MOSCOW] Russia is seeking to build on growing energy and military ties with traditional US allies in the Middle East, with President Vladimir Putin starting a threeday tour through Saudi Arabia, Jordan and Qatar on Sunday. The visits will be the first
      —AFP  -  187 words
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  • GREATER CHINA
    • 574 17 Focus shifts away from major cities as govt acts to cool red-hot market —AFP [BEIJINGI Wuhan, Chongqing, Chengdu many foreigners may never have heard these names before, but they are Chinese cities where the stage may now be set for the next big
      —AFP  -  574 words
    • 41 17 [HONG KONG] Over thirty Ferraris were displayed in Hong Kong yesterday in promotion of an around-the-world relay event in celebration of Ferrari SpA's 60th anniversary. The race began in Abu Dhabi and will finish in Italy. BLOOMBERG
      BLOOMBERG  -  41 words
    • 360 17 The 1b yuan JV with AVICI will help it get land in Beijing Bloomberg [SHANGHAI] China Vanke Co the country's largest listed property developer and China Aviation Industry Corp I the nation's biggest aircraft-maker agreed to set up a one billion yuan (S$ 198
      Bloomberg  -  360 words
    • 550 17 CBRC expected to approve another 10 banks in March —Reuters [SHANGHAI] China is expected to allow another 20 foreign banks to incorporate locally this year, further opening its massive banking market to foreign players and intensifying competition in the world's fourth-largest economy.
      —Reuters  -  550 words
    • 290 17 —AP [SHANGHAI] China's securities watchdog has given the go-ahead for five new mutual funds after a twomonth hiatus in approvals, spurring a rally as jittery investors returned after a week of losses. Shanghai's key index gained 0.8 per cent to 2,737.73 yesterday, while the
      —AP  -  290 words
    • 215 17 Bloomberg [SHANGHAI] China, the world's third-largest ethanol maker, will use 13.3 million hectares of forestland, equivalent to the size of England, to grow trees that can be harvested to make biofuels. China plans to grow trees bearing nuts or fruits high in
      Bloomberg  -  215 words
  • Page 17 Advertisements
    • 148 17 Of course, you can go on to buy a bigger SUV. But wouldjjjiat hpjiolitically correct? With the Terios 1.5 L Crossover, W&m* you can be more socially responsible. Up till now, most SUVs are large, thirsty behemoths that seldom leave the paved roads. They give their drivers an MSHJLII'I <
      148 words

  • INDIA
    • 502 18 Preliminary offers expected before Chinese New Year, analysts say Reuters [MUMBAI] Britain's Vodafone, India's Reliance Communications and others are expected to submit offers today in a highly anticipated US$lB-20 billion auction for India's No 4 mobile firm Hutchison Essar, reports said yesterday. India's mobile
      Reuters  -  502 words
    • 329 18 Nanjing's untapped labour pool is a big draw for the firm —AP [SHANGHAI] Satyam Computer Services Ltd. India's fourth-largest software company, yesterday began construction of a major development centre its largest outside India and first in China. The groundbreaking for the centre in the
      —AP  -  329 words
    • 473 18 Reuters [NEW DELHI] A letter from one of India's most powerful politicians is placing the operations of foreign retailers like Wal-Mart squarely at the centre of the debate over how big a role foreign investment should play in India's growth. The letter,
      — Reuters; REUTERS  -  473 words
  • Page 18 Advertisements
    • 2846 18 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HG OIL CORPORATION PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****2108Z At an Extraordinary General Meeting of the Company duly convened and held at Permata Hijou, Blk A, No. 22 Jakarta *****,
      2,846 words
    • 870 18 SPA ENGINEERING PTE LTD Co. Reg. No. *****1593Z (In Members' Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M/s Wee Seng
      870 words
    • 184 18 FORM 69 (3) (RULE 91) IN THE HIGH COURT OF SINGAPORE COMPANIES WINDING UP NO. 241 of 1998 IN THE MATTER OF MILLENNIUM-WESTMONT PTE LTD (IN LIQUIDATION) NOTICE OF INTENDED DIVIDEND Name of Company MILLENNIUM-WESTMONT PTE LTD Registered Office 16 Raffles Quay #14-02 Hong Leong Building Singapore *****1 Court High
      184 words

  • ASIA-PACIFIC/WORLD
    • 795 19 Bank says its 2006 charge for bad debts on US home loans will be 20% above forecasts Reuters, Bloomberg [LONDON] HSBC's shares slumped to a nine-month low yesterday after Europe's biggest bank announced its bad debt charge for last year would be about
      Reuters,; Bloomberg; BLOOMBERG  -  795 words
    • 626 19  -  Problems at new Suvarnabhumi airport to be fixed By OUR CORRESPONDENT in Bangkok THE 92-year-old Don Muang airport is to be reopened for Thai domestic flights, and then moving to taking international flights, while the Airports of Thailand company (AOT) works to
      626 words
    • 160 19 i\ri [NEW YORK] Deutsche Bank has reached a settlement with hundreds of wealthy investors to whom it sold aggressive tax shelters in a major shift in how it is dealing with the legal woes surrounding its tax shelter work. The bank, Germany's largest, aggressively fought the
      — i\ri  -  160 words
    • 276 19 ers worldwide. Bloomberg [SINGAPORE] Singapore is pushing Asean members to free up air links between their capital cities by end 2007, a move which will give their carriers greater access in the region H year in advance. "Our officials have been holding
      ers worldwide. — Bloomberg  -  276 words
    • 367 19 —NYT [NEW YORK] "Roses are red. violets are blue; 1 hear a rumour, is it true?" Strange as it sounds, that strained line of poetry set off the fiercest buyout battle since the bidding for RJR Nabisco in the late 1980s. The ditty, written
      —NYT  -  367 words
  • Page 19 Advertisements
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  • AVIATION
    • 548 20 Airline's outlook being boosted by strong demand and improved efficiency —AFP (SYDNEY] Takeover target Qantas yesterday posted flat interim earnings, but predicted the bottom line at the Australian flag carrier would improve significantly in time for its full-year results. The
      —AFP; AFP  -  548 words
    • 234 20 Bloomberg [SYDNEY] Qantas Airways, Australia's largest airline, isn't planning to cut its investment in Jetstar Asia after the Singapore-based budget carrier reportedly cancelled flights because of pilot shortages. Jetstar Asia, 49 per cent owned by the Australian carrier,
      Bloomberg  -  234 words
    • 383 20 Bloomberg [BANGALORE] India's civil aviation industry will grow 25 per cent a year in the next decade, resulting in the need for more aircraft to meet rising demand, Civil Aviation Minister Praful Patel said. India will need 1,500 to 2,000 passenger planes in
      Bloomberg; FILE PHOTO  -  383 words
    • 57 20 [CEBUJ Philippine Coast Guard personnel securing a twin-engine aircraft that crashed into the shallow waters off Mactan Island in Cebu on Wednesday, while fishermen and children take a close look. The plane was about to land at Mactan Cebu airport when one of its engines malfunctioned.
      AFP  -  57 words
    • 434 20 Reuters [LONDON] British aero-engine maker Rolls-Royce pic posted a 10 per cent rise in 2006 underlying operating profit yesterday, beating expectations despite the negative impact of a weak dollar and higher raw material costs. Underlying profit before financing costs rose to £748 million
      Reuters  -  434 words
    • 249 20 Reuters [WASHINGTON] A deal to expand direct chartered flights between politically divided Taiwan and China should be reached "very soon", a senior Taiwan official said on Wednesday, saying wider contacts would ease tensions. Joseph Wu, chairman of Taiwan's Mainland Affairs Council, said more
      Reuters  -  249 words
    • 2133 20 CITT HJGHT ETA HMMT fTB SQ143 IS» SQ146 1640 ***** "5S ***** 1700 GAM6 >6* GA841 1750 MH613 1810 MH608 1725 c/wn« r «Q«n35s SOU? 2235 SQ148 1900 SO117 IMS MH614 1805 iSt71 P4n" ih->770 7*n VWO 1805 MH607 202S MH616 IKS 50 AdoUidt IM9771 740
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  • SHIPPING/TRANSPORT
    • 406 21 Reuters [LONDON] Iran is using supertankers in the Gulf for storing at least 14 million barrels of crude, a tanker industry source said on Wednesday, in a strong sign Teheran was complying with an Opec pledge to cut supply.
      Reuters  -  406 words
    • 539 21  -  More and bigger traffic posing new challenges, says Mima chief By DONALD URQUHART [SINGAPORE] With rising vessel traffic in the Malacca and Singapore Straits over a third of which is en-ergy-related international users must begin contributing to improve navigational management and
      File Photo  -  539 words
    • 221 21 AFP I JAKARTA] The captain of an Indonesian ferry which sank six weeks ago with more than 300 people still missing has been released from hospital and is being held for questioning, a navy official said yesterday. Wiratno, 53, has been treated
      AFP  -  221 words
    • 408 21 Reuters [LONDON] Britain was hit by travel chaos yesterday as much of the country was covered by a thick blanket of snow at the height of the morning rush-hour. Hundreds of schools were closed and there were delays on the trains
      Reuters; REUTERS  -  408 words
    • 421 21 Bloomberg [TOKYO] Japanese shipping companies turned in mixed results for the last quarter, with Japan's largest shipping line, Nippon Yusen KK, cutting its full-year profit forecast amid greater than expected losses at its Nippon Cargo Airlines unit. The news brought NYK shares tumbling the most
      Bloomberg  -  421 words
    • 301 21 SGX '000 Feb I H *4- vol ChOMshoce 044 001 633 Chuan Hup Hldgs -0 33 001 416 rfwnCtxp 295 002 5468 Cwt United 0 85 0 08 2009 Utm Hldgs .525 unch 129 freight links 0 09 unch 8881 Grand Banks V03 0 02 94 Java Mold
      301 words
    • 744 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR MARITIME claims against a vessel by its crew for unpaid wages and by its repairers for unpaid bills would not lose their status of maritime liens just because the vessel was a passenger ship operating in provincial waters,
      744 words

  • EDITORIAL & OPINION
    • 523 22 EDITORIAL IT'S just the nature of the industry, but the average venture capitalist is not quite in tune with investing in biotechnology. And the way governments typically support high-risk investments does not help. So said Nobel laureate Barry Marshall in a BT interview last year
      523 words
    • 1484 22  -  Ireland's key strength is its all-embracing, non-discrimination taxation policy By By ABHIJIT GHOSH and KILLIAN PATTWELL THE cat is out of the bag. Singapore will reduce its basic corporate tax rate by at least one per cent, as announced by Minister
      AFP  -  1,484 words
    • 720 22  -  THE BOTTOM LINE ROBERT SAMUELSON for almost anyone to admit. The Washington Post Writers Group YOU could be excused for thinking that we'll soon do something serious about global warming. Last Friday, the Intergovernmental Panel on Climate Change (IPCC) an international group
      for almost anyone to admit. — The Washington Post Writers Group  -  720 words
    • 2055 23  -  Riding on an entrepreneurial business class and skilled workforce, it's tackling savings, FDI and infrastructure issues By STEPHEN ROACH I am returning from India with great enthusiasm. Many serious problems remain especially the ravages of poverty. But in the past couple of years,
      AFP  -  2,055 words
    • 142 23  -  Tan Whye Seng, Wilson Singapore I REFER to the article "Bonvests sitting on some pretty figures" (BT, Feb 5, 2007). I have several comments to make: Based on my understanding, the conversion of hotel to residential property is subject to approval from the government, and
      142 words
    • 510 23  -  LETTERS TO THE EDITOR Ho Hwei Ling (Ms) Assistant Director, Corporate Marketing Communications, Infocomm Development Authority of Singapore^ WE REFER to the article, "The Key Issue in Postal Liberalisation" (BT, Feb 7, 2007). Competition existed in the delivery of printed paper and
      510 words
    • 843 23  -  l.eong Sze Hian Singapore 1 REFER to the report "New energy standard to help reduce bills" (BT, Jan 19). According to the Yearbook of Statistics Singapore, the water, electricity and gas tariffs' price indices have increased from 43.9 to 100, 83.8 to 110.1
      843 words


  • 9895 24 SGX MAINBOARD U«M Td Last Vol Day LaslQMta CNv GrYM *rt MCas u» &»a» sate *i- am cw m w 35 1 S716 1st5o<Twarg 3 susp 81 IIS 6 3148 gTetecom 95 unch 931 10 95 95 K) U 2 10 455 MS 22 5834 ASon« 27 5
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  • Page 24 Advertisements
    • 35 24 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks Select Exchange ftaded Funds and Indices Competitive Commission charges
      35 words

  • 6356 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local can In S$ In USI dy yr dy yr dy %yt 'rt; Indgrn Chang* Chjrepe Change Change Changt Chang* Ws»«irde>P<«HT*a»> ***** 03 31 03 76 04 2 7 t iVS 1*476 03 36 OS 77 05 2.8 1S492 0* 17 07
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  • Page 26 Advertisements
    • 1679 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Desti natron MARITIME PEACE RDM/ATW/BMN/TLB/NAN XU CHANG HAI i/cavz MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesio Loads E y w Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A, SERVICE Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination PAN VOYAGER JDH/DMT/BJA STX PO TBN INC/BSN j SAFE DBI/ABU/DOH/BRN/DMM/KWT Loods Singapore,
      1,679 words
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      711 words

  • Page 27 Advertisements
    • 1572 27 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/t T1L*****588 (MUNIS) FAX:*****163 \\M N WAN UAI I INF\ S-vtc/Boddng,DM Lta (1800)6226)200 N\ I V V Mil MHI LlllLJ PHI IB: |03) 3M6mt MX: (03) *****251P91 IE; (04) 2245W0 fWL (04)*****99 V,—- JOH IB: (07) 2510T23 HUt (07)»l»ni »IB: (Oil) IJH47S HCL
      1,572 words
    • 1430 27 IfTF-v EASTERN CAR LINER, LTD \V 1 1 SPECIALIZE IN ROUP HEAVY UFT UPTO 450 TOHS~| IHTRA-ASIA StRVKt VQY Uftteg SIN TPf PKI(N) PKUW) PNN JKT SU» jfl Ml»l ITU BATANOAS MEBUON ACE 34~ 30 IW 12/02 ~iW~ ~W7oT 1 m it sa ~w GOLD MENAM 75 40 17? 14/0?
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    • 826 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VBStl vor SIM NfIJWG COLOMO SHtW |(M.OMIO~ BUM ffWPW 07 FB 07FB Ufa 14 FB Ml miYQMHWI 01I1W 14 FB 14 K» ILB Ziß Ml MAWVU OOtW 70Ffl 21 ffl 24f8 27F8 I 03MA> ALSO ACOPIMG
      826 words

  • The business times Shipping Times
    • 6603 28 S Sr. *122" B? SSK 'SST Si Zr. 1st 22S 'SET i* St, "SZT JJS .SB !2 Sir. *t2" JBS SB 'JSC St Si-. "U2" 22. SB. 'BfiT 07/03 11/03 PACC Cont PAC IAVA 679N *****655 22/02 12/04 ChmaShpg MERIAN 043* *****898 11/03 2*03
      6,603 words
  • Page 28 Advertisements
    • 410 28 IRISL, (fe Ikltfgjmi) 3(fJ 9(h® /MdteJlfe QGmipfe I oifj ulhi/wygjlh IbW ®ft lki(Mw§) (fetf 0® fojlteufXsJ ipoftwite fii/j @3 W/&IN ®3 £te> (3X& 'G&vjinititim to Q&& {fasttmi) Qfflaanaito tffa©o SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: mKI Ml* PTF ITn SINOSE MARITIME PTE LTO BOUSTEAD
      410 words
    • 434 28 —Sfe— Wm —$m— =%g==il==iF= sas ~s? »=lf= WHIIM HMM 10/6? 11/w -TOTonr mh TT755 T375? Hsnbss m« $75?"TSnroWT BTO3 177W IWW tUVMU 5355 WW 16/02 1588 188 UULiUi™ 1 1 w I w 1 H&p |i?" Eu life life I Iff" H ffiri SUM BHTAH 213— 18/02 14/01 it#! m/m
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    • 303 28 fiB* GLORY NAVIGATION GROUPI UNCI 1970 I OWNS A OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING THE ENTIRE ASIA PACIFK PORTS I REGULAR WEEKLY SERVICES: KAOHSIUNG A CHINESE PORTS, HONG KONG I TO A FROM I I SOUTHEAST ASIA SMGAFORF IMF WOON SMFFMG (S) PTE UD
      303 words


  • EPICURE
    • 557 30  -  RAFFLES WINE AND FOOD EXPERIENCE 2007 By JAIME EE THIERRY Marx looks more like a bruiser than a, well, "cooker" so it's a bit of a surprise to find that this guy who looks like he could punch out a bear turns out some
      557 words
    • 811 30  -  Hotels, restaurants are taking exclusivity to new levels this Valentine's Day, reports JANICE HENG Janice Heng THE rate for Cupid's services is going through the roof this year with packages costing more than $3,000 for a no-holds-barred exclusive and romantic experience. This Valentine's Day, hotels
      811 words
  • Page 30 Advertisements
    • 246 30 Diners Club Card To apply, ca//6416 0980 A World of Exclusive Privileges Treats Diners Club 1 w International' www.dmers.com.sg Fruit Dressing of Mushroon/with Asparagus TAain Course (Choice of 1 course) A) Boneless Chicken with sweet Rum Souce B) Salmon Filet with fresh Grape 'N' Cream Sauce Cf AJrltown Sirloin Steak
      246 words
    • 27 30 mL BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. »AT3 \3gfc 1 **mr
      27 words
  • Page 30 Miscellaneous
    • 353 30 CRYPTIC CROSSWORD ACROSS 4 Footballers welcome ties be--5 Does one shoot, having ar- '"9 f° r a P rived with gunners? (6) 5 one wee P s about th ln 9 8 Rant against worker wanting nnin 9 while one rakes it in! 9 MSh going iopless during 6 fo
      353 words

  • PURSUITS
    • 602 31  -  CINEMA 'Little Children' is a bold satirical study of modern-day society, says GEOFFREY EU GEOFFREY EU ittle Children may seem like yet another film about distracted, dysfunctional suburbanites living close to the psychological edge, but there's actually a MMMM lot more to it than
      602 words
    • 532 31  -  By PARVATHI NAYAR IF you never really believed that truth was stranger than fiction, do see Ryan Murphy's film Running With Scissors. It's an adaptation of Augusten Burroughs' 2002 best-selling memoir, and recounts the madness of the author's teen years in the
      532 words
    • 267 31  -  DVD By UMA SHANKARI THE tragic story of Henry VIII a man known for beheading his wives gets an in-depth look in this television series. The series, entitled Henry VIII, chooses to leave behind much of the battles and politics that marked Henry
      267 words
    • 350 31  -  WINE By N K Yong This is the second part of the brief Chateau Cos d'Estournel 2003 Deep dark red, lovely nose, very concentrated, ripe and sweet. Chateau Pichon Longueville Comtesse de Lalande 2003 Very rich wine, lots of very lush ripe fruit. Still very
      350 words
    • 482 31  -  THEATRE By PARVATHI NAYAR JACOB Rajan and Justin Lewis's The Pickle King is the third in their trilogy of plays that deals with the fluidity of immigrant lives and the fixed nature of death. The previous two plays by the New Zealandbased Indian Ink
      482 words
  • Page 31 Advertisements

  • executive lifestyle
    • 1092 32  -  They are ready for a second chance at happiness and are now an emerging demographic for dating agencies, reports CHEAH UI-HOON Cheah Ui-Hoon THE Department of Statistics last December confirmed what some of us suspected all along that the number of divorce cases are
      1,092 words
    • 723 32  -  By CHEAH UI-HOON GOING into marriage the second time around being older and wiser is a different ball game. What one looks for in a life partner is based on compatibility and values, shares Anton Wiesmann, owner of Wiener Kaffeehaus. "You're definitely more
      723 words
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